Range Resources Limited is a dual listed (ASX:RRS; AIM:RRL) Trinidad-focused independent E&P company, with a 100% interest in three onshore production licenses, namely Beach Marcelle, South Quarry and Morne Diablo, as well as additional highly prospective exploration acreage on Guayaguayare license (farm in) and newly awarded St Mary’s licence.The Company is focused on growing its production through waterflood projects, combined with extensive shallow onshore development drilling programme.

The Company has independently assessed Proved reserves (2P) in place of 22.1 MMBO.

Range has further interests in Guatemala; Puntland, Somalia; Colombia; and Georgia.


http://www.rangeresources.co.uk/about.asp

Fox Davies Capital

http://www.directorstalk.com/range-resources-fox-davies-capital-3/

Beaufort Securities Breakfast Today including Range Resources and Sula Iron & Gold
By Beaufort Securities
July 23 2013, 8:35am

Range Resources (LON:RRL)

Range Resources announced further updates on the Atzam #4 Well of Gautemalan project, yesterday. The flow rate of the restricted 8/64ths choke from the Upper C17 carbonate section of the well improved to 140 barrels of oil per day (bopd) with a well head flowing pressure of 360 psi, 38° API oil and no water production. The flow rate for an open choke is estimated to be more than 1,000 bopd, however, it remains restricted to 8/64ths choke due to limited capacity of the onsite storage tank. The current capacity of the tank stands at 7,000 barrels, with over 4,000 barrels produced from the Atzam #4 well being ready for immediate sale. Negotiations of the off-take agreements for the current and future oil production from the Atzam well have made progress. Independent reserve report of Atzam #4 is due shortly. The logging data had given a probable estimate of 2.3 million barrels of oil (mmbbls). The spudding plans for Atzam #5 well in September have been consolidated further while the potential of a 13 feet (ft) zone in Upper C17 and the C13 and C14 carbonate sections in Atzam #4 are yet to be perforated and tested. Range Resources holds an indirect stake in the Atzam project through Citation Resources.

Our view: Oil production from Atzam #4 has been upgraded to 140 bopd from initial level of 100 bopd, even as the choke remained restricted at 8/64ths. The off-take agreements have marked a good progress and once the agreements are in place, the company would be in a better position to bring the well to full production levels. The independent reserve report for the Atzam #4 is expected to surpass the earlier estimate of 2.3 mmbbls. During initial testing, the Upper C17 section had produced oil at the average rate of 610 bopd over 24 hours with a submersible pump, substantiating the fact that the untested and un-perforated 13 ft zone in the Upper C17 of the Atzam #4 offers a good upside potential going forward. Citation Resources has also planned to start the spudding of Atzam-5 well in September to target the C13 and C14 sections. These carbonate sections are the major producing zones of the Rubelsanto Field, nearby Atzam. Given these positives and the significant stake of Range Resources in Citation Resources (indirect attributable interest of 23.93%), we are optimistic that the company is likely to derive benefits of higher production by its associate company in the near future. We maintain a Speculative Buy for this stock.



http://www.proactiveinvestors.co.uk/columns/beaufort-securities/13622/beaufort-securities-breakfast-today-including-range-resources-and-sula-iron-gold-13622.html

Merger Update - Potential Sale of Russian Assets

PRNW



24 July 2013

The Manager
Company Announcements
Australian Securities Exchange Limited
Level 6, 20 Bridge Street
Sydney NSW 2000

Via E-lodgement

Merger Update - Potential sale of IP's Russian assets for cash

Range Resources Limited ("Range" or the "Company") notes the announcement
released today by International Petroleum Limited ("International Petroleum")
announcing that International Petroleum is in negotiations with a third party
relating to the potential sale of its Russian assets for cash consideration,
which Range understands is expected to be between US$120 - 150 million.

In the course of discussions and due diligence in connection with the proposed
merger of the two companies, Range has been informed of the negotiations
concerning the potential asset sale and remains committed in principle to
pursue a merger transaction pending final confirmation of the sale terms.

The Company will update shareholders in relation to the asset sale and merger
transaction in due course.

Peter Landau, Executive Director, commented:

"The proposed asset sale would provide the merged entity with a solid
financial position and balance sheet that will allow the combined group to
advance and develop its production and highly prospective exploration
projects, including Range's core, large-scale production operations in
Trinidad, where we have recently significantly expanded our footprint through
a farm-in with Niko Resources.

We remain extremely positive about the completion of the merger, and bringing
Chris Hopkinson and his strong technical team (who recently spent over a week
in Trinidad with the Range team) on board to complement Range's existing team
in Trinidad, to deliver the Company's aggressive production growth plans in
Trinidad, as well as developing and extracting the full potential of the other
highly prospective projects within Range's and IOP's portfolios."

Yours faithfully


Peter Landau

Executive Director

Guatemala Update
Range Resources Limited ("Range" or "the Company") would like to draw attention to the announcement released by Citation Resources Limited (ASX:CTR) today with the following highlights:

- Range to hold 20% Project Interest and 19.9% Company Interest (net attributable interest 32%);

- Atzam #4 continues to produce between 130-140 bopd on restricted 8/64ths choke;

- Nearly 5,000 barrels of oil produced by Atzam #4 to date;

- Finalising operational plans for two well re-entries and 6 potential new wells on the Tortugas Salt Dome structure for late 2013/ early 2014. Re-entries expected to produce between 200-300 bopd per well;

- Updated reserve report on Atzam #4 well due shortly - expected upgrade to the current Probable Reserve estimate of 2.3m bbls;

- Spudding Atzam #5 development well expected in September; and

- Following success of flow testing of Atzam #4 in excess of 1,000 bopd, decision to proceed with Atzam #5 triggers milestone share issues.

Operational Update Atzam Oil Project:
http://www.moneyam.com/action/news/showArticle?id=4639959

UPDATE: Range Resources increases interest in Guatemala field
By Philip Whiterow July 29 2013, 1:46pm In testing, Atzam #4 has continued to flow at between 130-140 barrels per day on a restricted 8/64ths choke.In testing, Atzam #4 has continued to flow at between 130-140 barrels per day on a restricted 8/64ths choke.

--Adds broker comment--

Range Resources (LON:RRL) will increase its interest in the Atzam project in Guatemala to 32% following a decision to drill a new development well on the field.

Spudding of well Atzam #5 is expected in September. An updated resource statement from Atzam #4 is due shortly and Range said again on Monday it is expected to show an upgrade to the current Probable Reserve estimate of 2.3m barrels.

In testing, Atzam #4 has continued to flow at between 130-140 barrels per day on a restricted 8/64ths choke, with nearly 5,000 barrels produced so far.

Atzam is owned and operated by Latin American Resources (LAR), which, according to Range, is in advanced negotiations with a number of oil companies on short term and long term off-take contracts.

Range’s stake in Atzam was previously just under 24%, comprising a 19.9% stake in Australian firm Citation Resources, which owns 70% of LAR, and a 10% stake of its own in LAR.

Following the decision to go ahead with well #5, Range has executed a debt conversion agreement that will see the transfer of a further 10% interest in LAR to Range from Citation.

In a note to clients Old Park Lane Capital analyst Barney Gray backed the strategy Range is following in Guatemala.

“The ongoing testing programme on Atzam #4 is expected to lead to a reserves upgrade and the drilling of three additional producers over the next few months is likely to boost production significantly.

“With the momentum in Guatemala set to continue, Range is justified in increasing its commitment to the project.”

Range also added it is also working with LAR on two well re-entries and potentially six new well locations on the Tortugas Salt Dome structure, a suspended oil field previously drilled by Monsanto.

The well re-entries on two Tortugas wells, 63-4 and 63-5, are expected to produce between 200-300 barrels of oil per day ( bopd) each of high quality 34° API oil based on historical flow rates and production.

In the mid-eighties, two wells flowed oil at initial rates over 1,500 bopd before they were suspended.

Range Resources reviewed by Uk broker Fox Davies
Tuesday, July 30, 2013 by Proactive Investors



http://www.proactiveinvestors.com.au/companies/news/46122/range-resources-reviewed-by-uk-broker-fox-davies-46122.html

Quarterly Activities Report and Appendix 5B

http://www.moneyam.com/action/news/showArticle?id=4642788

up 8% on a poor market day.

Only another 9p to go then!!!!!!!

lol. -8% tomorrow

More than likely dc.

Pessimists! :o)

You are confusing realism and pessimism! :-)

I will write it now save doing it tomorrow ''I told you so'' lol

Lol! :o)

6 Aug Beaufort... N/A Speculative Buy

I told you so up another 3% lol. :-))

StockMarketWire.com
Range Resources has finalised all documentation for the $30m sale of its Texan assets.

The purchaser has agreed to pay $25m at closing, being on or before 30 August, plus up to a further $5m in royalty payments from future production.

The purchaser has paid a $1m non-refundable deposit to Range in recognition of the previous delays in completing the transaction.

Executive director Peter Landau said: "The finalisation of the documentation for the sale of the Texan asset is a significant milestone and will significantly strengthen Range's balancesheet and allow the company to redeploy proceeds into our highly prospective international assets, including Colombia and the recently announced farm-in with Niko Resources in Trinidad.

"In addition to the proceeds from the sale, we are also in the final stages of completing the reserve based lending facility for Trinidad, which will leave the company well positioned for significant operational growth."

And down it goes.

StockMarketWire.com
Range Resources Ltd has noted the recent weakness in its share price, but said it is not aware of any particular event that would account for this share price weakness.

The company said it is focused on ramping up production from its large-scale operations in Trinidad, where production has increased by over 30% since April, with significant further increases expected as more wells come online and all 6 rigs get utilised simultaneously, following maintenance upgrades.

In addition, well economics have improved with the implementation of the previously announced reductions in overriding royalty rates on the Morne Diablo and South Quarry fields.

Range Resources was also on track to receive the proceeds of $25 million from the sale of its Texas asset by the end of this month, as recently announced.